Real Costs of Business
|
Typical Salary |
$36,000/ $17.31/hr. |
|
Paid Vacation |
$1385 |
|
Temp during Vacation |
$2000 |
|
Health Insurance (employer portion 12 mos.@$150) |
$1800 |
|
Parking (12 mos. @ $50) |
$600 |
|
FICA Taxes (7.65%) |
$2754 |
|
Worker's Comp. (.61%) |
$220 |
|
Unemployment (State & Fed) |
$309 |
|
Misc. costs (Vision, Dental, Disability & 401K Matching,
Profit Sharing & Stock Options) |
$??? |
Office Space for Secretary
100 s.f. @ applicable rate |
$2500
$25/s.f. is conservative |
Cost of Overtime Pay
(10hrs/ mo @ 50% premium) |
$3115 |
|
Idle time during employer's absence (min. 2 wk vacation
included for employer) |
$1500 |
|
Annual Bonus (1 mo. salary) |
$3000 |
|
Sick Time (10 days/year) |
$1385 |
|
Other intangible costs (furniture, testing, training &
fees, sick children, etc.) |
$1200
Conservative figure |
|
Total Typical All In Costs |
$57,768
1.60 times salary |
|
Total Effective hourly rate |
$27.77/hour |
|
75% productive level |
$37.03/hour |
|
50% productive level |
$55.55/hour |
Note: Full time staff is
seldom 100% productive due to idle time between
tasks, personal matters, inability of employer
to generate work for staff because of
distractions, meetings and commitments.
Depending on the productivity level of the full
time employee, you may be paying over 3 times
their actual salary.
The Virtual
Assistant Industry:
Virtual
assistants give entrepreneurs real help by Pat
Curry
http://www.bankrate.com/ust/news/biz/biz_ops/19990802.asp
VAs versus
Temps by Janice Byer
http://www.docutype.net/VAvstemp.htm
Virtual
Assistance = Higher Productivity by Janice Byer
http://www.docutype.net/vaproductivity.htm
|
